Can I retire at age 51 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$165,984$164,505$163,063$161,655$160,280$156,406
2 years$82,170$80,640$79,157$77,719$76,324$72,443
3 years$54,236$52,699$51,220$49,795$48,423$44,658
4 years$40,272$38,739$37,275$35,875$34,536$30,915
5 years$31,895$30,372$28,927$27,555$26,253$22,788
6 years$26,313$24,801$23,377$22,036$20,773$17,466
7 years$22,327$20,828$19,427$18,117$16,894$13,745
8 years$19,339$17,853$16,475$15,198$14,016$11,024
9 years$17,016$15,545$14,190$12,945$11,803$8,966
10 years$15,159$13,702$12,371$11,159$10,057$7,372
11 years$13,640$12,198$10,891$9,712$8,649$6,112
12 years$12,376$10,948$9,666$8,518$7,495$5,101
13 years$11,307$9,894$8,636$7,520$6,536$4,281
14 years$10,391$8,993$7,759$6,676$5,729$3,608
15 years$9,598$8,216$7,006$5,954$5,045$3,053
16 years$8,905$7,538$6,352$5,331$4,458$2,590
17 years$8,294$6,942$5,780$4,790$3,953$2,203
18 years$7,752$6,415$5,276$4,317$3,515$1,878
19 years$7,267$5,945$4,830$3,900$3,133$1,604
20 years$6,831$5,524$4,433$3,533$2,798$1,372
21 years$6,438$5,146$4,077$3,206$2,504$1,175
22 years$6,080$4,803$3,758$2,915$2,245$1,007
23 years$5,754$4,492$3,470$2,655$2,015$864
24 years$5,456$4,209$3,209$2,421$1,811$742
25 years$5,182$3,950$2,972$2,211$1,630$638
26 years$4,930$3,712$2,756$2,022$1,468$548
27 years$4,696$3,494$2,560$1,851$1,324$472
28 years$4,480$3,292$2,380$1,696$1,194$406
29 years$4,279$3,106$2,214$1,555$1,078$349
30 years$4,091$2,933$2,063$1,427$974$301
31 years$3,917$2,773$1,923$1,311$881$259
32 years$3,753$2,624$1,794$1,204$797$223
33 years$3,600$2,485$1,675$1,108$721$192
34 years$3,456$2,355$1,565$1,019$653$166
35 years$3,320$2,234$1,463$938$591$143
36 years$3,192$2,120$1,369$864$536$123
37 years$3,072$2,013$1,281$796$486$106
38 years$2,958$1,914$1,200$734$440$92
39 years$2,850$1,820$1,124$677$399$79
40 years$2,748$1,731$1,054$624$362$68
41 years$2,651$1,648$988$576$329$59
42 years$2,559$1,569$927$531$298$51
43 years$2,471$1,495$870$490$271$44
44 years$2,388$1,425$816$453$246$38
45 years$2,309$1,359$766$418$223$33
46 years$2,233$1,297$720$386$202$28
47 years$2,161$1,237$676$357$184$24
48 years$2,092$1,181$636$330$167$21
49 years$2,026$1,128$597$305$152$18
50 years$1,962$1,078$562$282$138$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,010,000, adding $5,332 every year, while hoping to spend $43,235 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 85/7/8 Blend
50$2,010,000$2,010,000$2,010,000$2,010,000
51$2,220,520$2,113,990$2,082,835$2,406,890
52$2,401,011$2,171,574$2,106,608$2,586,930
53$2,598,464$2,230,530$2,129,729$2,778,259
54$2,814,562$2,290,881$2,152,129$2,987,100
55$3,051,160$2,352,647$2,173,738$3,215,186
56$3,310,300$2,415,849$2,194,481$3,464,427
57$3,594,233$2,480,507$2,214,278$3,736,924
58$3,905,434$2,546,642$2,233,046$4,034,991
59$4,246,633$2,614,272$2,250,698$4,361,180
60$4,620,834$2,683,415$2,267,140$4,718,297
61$5,031,346$2,754,089$2,282,276$5,109,437
62$5,481,814$2,826,311$2,296,004$5,538,007
63$5,976,255$2,900,096$2,308,215$6,007,760
64$6,519,090$2,975,458$2,318,798$6,522,832
65$7,115,192$3,052,410$2,327,632$7,087,777
66$7,769,927$3,130,964$2,334,594$7,707,613
67$8,489,209$3,211,130$2,339,552$8,387,868
68$9,279,550$3,292,917$2,342,369$9,134,633
69$10,148,126$3,376,332$2,342,900$9,954,618
70$11,102,842$3,461,379$2,340,994$10,855,216
71$12,152,406$3,548,061$2,336,491$11,844,570
72$13,306,413$3,636,378$2,329,226$12,931,656
73$14,575,435$3,726,328$2,319,023$14,126,360
74$15,971,118$3,817,907$2,305,698$15,439,577
75$17,506,294$3,911,105$2,289,061$16,883,310
76$19,195,100$4,005,914$2,268,908$18,470,785
77$21,053,114$4,102,318$2,245,031$20,216,575
78$23,097,499$4,200,299$2,217,207$22,136,736
79$25,347,166$4,299,836$2,185,205$24,248,964
80$27,822,951$4,400,902$2,148,784$26,572,753
81$30,547,813$4,503,467$2,107,689$29,129,585
82$33,547,049$4,607,496$2,061,656$31,943,133
83$36,848,533$4,712,948$2,010,406$35,039,480
84$40,482,979$4,819,778$1,953,650$38,447,368
85$44,484,228$4,927,932$1,891,083$42,198,470
86$48,889,573$5,037,354$1,822,387$46,327,686
87$53,740,103$5,147,978$1,747,231$50,873,473
88$59,081,097$5,259,733$1,665,267$55,878,209
89$64,962,446$5,372,537$1,576,131$61,388,593
90$71,439,128$5,486,304$1,479,444$67,456,085
91$78,571,723$5,600,937$1,374,809$74,137,390
92$86,426,985$5,716,329$1,261,811$81,494,995
93$95,078,474$5,832,365$1,140,018$89,597,761
94$104,607,247$5,948,920$1,008,977$98,521,566
95$115,102,623$6,065,854$868,215$108,350,028
96$126,663,030$6,183,020$717,239$119,175,292
97$139,396,926$6,300,255$555,534$131,098,897
98$153,423,828$6,417,383$382,560$144,232,740
99$168,875,440$6,534,217$197,758$158,700,124
100$185,896,892$6,650,550$539$174,636,932